HP to invest $1bn in cloud services

By Edd Gent

Published Wednesday, May 7, 2014

HP has announced that it will invest more than $1bn over the next two years in new open source cloud products and platforms.

The US firm has launched HP Helion – a portfolio of cloud products and services that incorporates existing HP cloud offerings, new OpenStack technology–based products, and professional and support services under one roof.

The company said it will make its public cloud services based on OpenStack – a cloud computing project that HP co-founded to provide a free and open-source cloud computing platform for public and private cloud services – available in 20 data centres over the next 18 months.

“Customer challenges today extend beyond cloud. They include how to manage, control and scale applications in a hybrid environment that spans multiple technology approaches,” said Martin Fink, executive vice president and chief technology officer at HP.

“HP Helion provides the solutions and expertise customers need to select the right deployment model for their needs and obtain the greatest return for their investment.”